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Original filing (PDF)20260113160744NAL0014364961001
IRON WORKERS LOCALS 549 & 550 MEDICAL & BENEFIT PLAN
Form 5500
FILING_RECEIVED
IRONWORKERS LOCAL 549-550 MEDICAL & BENEFIT PLAN
Health & welfare plan
Signals · 4
44% in single holding~578 bps in Sched C feesNo recordkeeper disclosed11 service providers
Active participants
542
Accounts w/ balance
—
Plan assets (EOY)
$17.2M
Net assets (EOY)
$15.4M
How this plan invests
This plan
7 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
78
Total plan cost
65
Vendor stack
68
Participation health
100
Knocking points off
- Top holding "Selling Price $" is 44% of plan.
- 578 bps in Schedule C fees — 1893% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
- Highly fragmented vendor stack (11 disclosed providers, 7 categories).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IRON WORKERS LOCALS 549 & 550 MEDICAL & BENEFIT PLAN.
Plan sponsor
Name
IRON WORKERS LOCALS 549 & 550 MEDICAL & BENEFIT PLAN
EIN
51-0168650
Address
9200 US ROUTE 60 · ONA, WV · 25545
Phone
(304) 399-9010
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-04-01
Tax period
2025-03-31
Filed
2026-01-13
Welfare benefit codes
4A · Health (other than dental or vision)
4D · Dental
Audit & trust (Schedule H)
Auditor
GRAY, GRIFFITH, & MAYS PLLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ALAN D BILLER ASSOCIATES, INC | 94-2854958 | MENLO PARK, CA | INVESTMENT ADVISOR | $12K | — |
Broker
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ALERA GROUP | 81-4473358 | HIGHLAND HILLS, OH | INSURANCE AGENT | $12K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| AMERICAN BENEFIT CORPORATION | 55-0672859 | ONA, WV | PLAN ADMINISTRATOR | $304K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GRAY, GRIFFITH & MAYS PLLC | 82-5354495 | MORGANTOWN, WV | AUDITOR | $37K | — |
Actuary
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FOSTER AND FOSTER | 59-1921114 | NAPERVILLE, IL | PLAN ACTUARY | $58K | — |
Legal counsel
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MACALA & PIATT | 34-1933033 | NORTH CANTON, OH | ATTORNEY | $35K | — |
Other
5| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ANTHEM BLUE CROSS BLUE SHIELD | 31-1440175 | CINCINNATI, OH | MEDICAL CLAIMS ADMIN | $417K | — |
| CAPITAL RX | 35-2612946 | NEW YORK CITY, NY | PRESCRIPTION CLAIMS ADMIN | $68K | — |
| WEX HEALTH INC. | — | BOSTON, MA | HRA CLAIMS PROCESSING | $29K | — |
| JOHNSON PRINTING | 99-0662908 | HUNTINGTON, WV | PRINTING SERVICES | $16K | — |
| INTERNATIONAL FOUNDATION OF EMPLOYE | 39-1034021 | BROOKFIELD, WI | NONE | $8K | — |
Investments
7 direct securities· $16.0M(93% of reported assets)
Uncategorized
$14.4M
6 holdings
Mutual Funds
$1.5M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Selling Price $ | — | — | $2.8M | $7.1M | 41.3% | |
| PIMCO Income Instl Domestic Equity Mutual Fund | — | — | $3.1M | $3.1M | 18.0% | |
| Baird Core Plus Bond Inst Corporate Bonds Fund | — | — | $3.1M | $3.1M | 17.9% | |
| s * Vanguard Total Stock Market Index Domestic Equity Mutual Fund | Mutual Funds | — | $1.5M | $1.5M | 8.9% | |
| 20 (i) | — | — | -$393K | $615K | 3.6% | |
| Net Gain/(loss)$ $ - (h) transaction date Current value of asset on$ $ - (g) | — | — | — | $538K | 3.1% | |
| Short Term Investment Goldman Sachs Final Square Government Short Term Investment | — | — | $18K | $18K | 0.1% |
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